A股央企ESG系列报告之二十：构建电力设备行业央企ESG评价体系：聚焦绿色转型与供应链韧性

Investment Rating - The report rates the electric power equipment industry as "Positive" [1] Core Insights - The electric power equipment industry is crucial for the transformation of the energy system and achieving the "dual carbon" goals, with its ESG performance directly impacting the greening and intelligence of the energy power industry chain [3][9] - Recent policies have been introduced to guide the industry towards high-end, intelligent, and green development, emphasizing the importance of technological innovation in promoting energy transition and enhancing supply chain resilience and security [9][10] - An ESG evaluation system tailored for the electric power equipment industry has been developed, incorporating new indicators focused on "green products and solutions," "R&D and innovation investment," and "supply chain ESG management" [3][9] Summary by Sections 1. ESG Policies in the Electric Power Equipment Industry - The electric power equipment industry is a key support industry for energy system transformation and achieving "dual carbon" goals, with its ESG performance linked to the green and intelligent levels of the energy power industry chain [3][9] - Recent policies have been issued to promote the green transition of the energy power industry, including the encouragement of distributed energy and multi-energy complementary services [9][10] 2. Construction of the ESG Evaluation System - The ESG evaluation system for state-owned enterprises in the electric power equipment industry includes four categories of positive indicators and one category of negative indicators, with a total of 21 primary indicators and 44 secondary indicators [3][9] - The "environmental indicators" focus on green development principles, with a total of 5 primary indicators and 14 secondary indicators, aiming to quantify the energy-saving and emission-reduction benefits of products and services provided by electric power equipment enterprises [3][12][13] 3. Specific Indicators - The "social indicators" reflect the social responsibilities of electric power equipment state-owned enterprises, with a focus on R&D and innovation investment, which is crucial for ensuring national energy security [3][17] - The "governance indicators" are essential for sustainable development, with a new primary indicator on "supply chain ESG management" that assesses the ESG risk management capabilities of upstream suppliers [3][20] 4. Scoring System - The scoring system includes a total of 112 points for positive indicators and a penalty of -3 points for each violation of regulations in environmental, social, or governance aspects [3][26][27]